Udaan to Acquire Swiggy’s Lynk Logistics for Rs 500 Crore

7 Sept 2026, 7:18 pm · 5d ago · 1 min read · YourStory

Amount

₹500 Cr

Stage

Acquisition

B2B ecommerce platform Udaan is set to acquire food delivery major Swiggy’s B2B distribution arm, Lynk Logistics, at an enterprise value of Rs 500 crore. Under the share-swap transaction, Udaan’s Singapore holding company Trustroot Internet will issue Series R convertible preference shares worth $314.40 each for a 2.8% stake. Swiggy will also invest Rs 75 crore in primary equity, securing an aggregate 3.2% stake in Udaan. The transaction bolsters Udaan’s distribution capabilities and key market reach, while allowing Swiggy to streamline operations after acquiring Lynk in 2023.